In August 2025, President Donald Trump took the “unusual” step of making the U.S. government one of the largest shareholders in a major tech company by buying a 10 percent stake in Intel. While many questioned the move, with critics — including conservatives — noting that it was a blatantly “socialist” policy, Trump argued that he “should have asked for more.” On Friday, however, that claim was tested when the company’s stock cratered, slashing the Commerce Department’s Intel holdings by over $10 billion in a single day.
